https://www.taxtmi.com/caselaws?id=306281 The tribunal granted condonation of delay for a late-filed appeal due to the assessee being on a pilgrimage. Regarding the disallowance under section 40A(3) of the Income Tax Act, the tribunal overturned the AO's decision to disallow a cash payment of Rs.18,00,000 made in a single day. The tribunal found the payments were genuine, supported by evidence, and each payment was below the statutory limit. Consequently, the tribunal ruled in favor of the assessee, deleting the addition made by the AO and allowing the appeal. en-us Wed, 07 Apr 2021 00:00:00 +0530 Fri, 20 Jan 2023 07:16:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306281 The tribunal granted condonation of delay for a late-filed appeal due to the assessee being on a pilgrimage. Regarding the disallowance under section 40A(3) of the Income Tax Act, the tribunal overturned the AO's decision to disallow a cash payment of Rs.18,00,000 made in a single day. The tribunal found the payments were genuine, supported by evidence, and each payment was below the statutory limit. Consequently, the tribunal ruled in favor of the assessee, deleting the addition made by the AO and allowing the appeal. Case-Laws Income Tax Wed, 07 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306281